In Accounting, what are cash book and bank book? For what purpose do we use them?
Cash book and bank book are part of general ledger. All entries including payables and receivables are recorded in the general ledger. Expenses, income, assets and liabilities are recorded in different head of accounts to analyze the expenses incurred in different head of accounts. Due to large volume of transactions, entries related to cash and bank are recorded in the separate books.
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